20250 Meyers Road, Detroit, MI 48235
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20250 Meyers Road, Detroit, MI 48235
20250 Meyers Road, Detroit, MI 48235
20250 Meyers Road, Detroit, MI 48235
20250 Meyers Road, Detroit, MI 48235
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Helena Rosenberger

Helena Rosenberger

+1(616) 856-0842
$ 59,900
Est. payment /mo
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20250 Meyers Road Detroit, MI 48235

2 Beds

1 Bath

704 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 704 sqft

Price per Sqft $85

MLS Listing ID 20261088265

Bedrooms 2

Full Baths 1

Year Built 1942

Annual Tax Amount $1,671

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 30X109.99

Property Sub-Type Single Family Residence

Source Realcomp

Property Description

Investor opportunity in Detroit! This tenant-occupied, 2-bedroom, 1-bath brick residence, representing one side of a duplex, offers an opportunity to expand your investment portfolio with an existing income-producing property. Currently generating $950 in monthly rental income, the property produces $11,400 in annual gross rent. With an asking price of $59,900, the current rental income represents a 19.03% gross annual rental yield before operating expenses.The residence features hardwood flooring, a functional kitchen with ample cabinetry and counter space, and a full basement offering additional storage and usable space. Conveniently situated near 8 Mile Road, major freeways, shopping, and neighborhood amenities, the property offers accessibility within an established Detroit neighborhood.Whether you're an experienced investor seeking to expand your rental portfolio or purchasing your first income-producing property, this offering presents an opportunity to acquire an established rental investment at an accessible price point.

Location

State MI

County Wayne

Direction From W. 8 Mile Road, head south on Meyers Road. Property is on the east side of Meyers Road, north of Pembroke Avenue.

Interior

Heating Forced Air

Exterior

View Y/N No

Garage No

Building

Story 1

Sewer Public

Water Public

Structure Type Brick

Schools

School District Detroit

Others

Tax ID W16I046370S

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Listed by National Realty Centers, Inc
Helena Rosenberger

Helena Rosenberger

Realtor Extraordinaire

+1(616) 856-0842

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20250 Meyers Road